Barclays Upgrades Leonardo (OTCMKTS:FINMY) to "Hold"

Key Points

• Barclays has upgraded Leonardo (OTCMKTS:FINMY) to a "hold" rating, while Kepler Capital Markets has raised its rating to "strong-buy."
• The stock has a current rating consensus of "Moderate Buy," with some analysts giving it a "Buy" or "Strong Buy" rating.
• Leonardo shares opened at $27.63, with a fifty-two week range of $10.92 to $31.63.

Barclays upgraded shares of Leonardo (OTCMKTS:FINMY - Free Report) to a hold rating in a research note issued to investors on Monday, September 8th,Zacks.com reports.

Separately, Kepler Capital Markets raised Leonardo from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Leonardo Trading Up 3.8%

Shares of Leonardo stock traded up $1.12 on Monday, reaching $30.70. The company's stock had a trading volume of 64,337 shares, compared to its average volume of 146,791. The firm's fifty day simple moving average is $27.71 and its two-hundred day simple moving average is $26.82. Leonardo has a 52 week low of $10.94 and a 52 week high of $31.63. The company has a quick ratio of 0.61, a current ratio of 0.96 and a debt-to-equity ratio of 0.23.

Leonardo Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 25th were given a dividend of $0.1604 per share. This represents a yield of 58.0%. This is a boost from Leonardo's previous dividend of $0.05. The ex-dividend date was Tuesday, June 24th.

Leonardo Company Profile

Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States, and internationally. The company offers a range of helicopters for battlefield, combat, maritime, training, VIP/executive transport, medical and rescue, security, energy, and utility services, as well as provides support and training services.